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Asia now has more billionaires than North America & Europe


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#1 key2thecup

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Posted 28 February 2013 - 02:25 PM

Asia has more billionaires than North America

A Chinese wealth survey has found that Asia has more billionaires than any other continent, apparently surpassing North America for the first time.


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China's super-rich make their billions predominantly from real estate, manufacturing and investments, the report said. Photo: EPA



The Hurun Report, compiled by British accountant and former Forbes Rich List researcher Rupert Hoogewerf, found that Asia had 608 dollar billionaires, compared with North America's 440 and 324 in Europe.

It is believed to be the first time Asia has been named as home of the largest proportion of super-rich on any global list.

Nonetheless the US, which has 409 billionaires, retains its crown as the most populous country for the so-called 'nine-zero' club, while Mexican telecoms tycoon Carlos Slim was named the "planet's richest man" with a personal wealth of $66bn (£43bn), according to the report. Mr Slim also topped last year's Forbes global list.

China ranked second with 317 super-rich individuals, which the report noted were "all self-made" and, with an average age of 58, were on the younger end of the spectrum. The Sino super-rich make their billions predominantly from real estate, manufacturing and investments, said the report. Seven of the top 20 real estate tycoons on the list live in China, a stat it attributed to the urbanisation boom in recent years.

The UK, where the index found 56 billionaires, came fifth, only just ahead of India, which is home to 53 billionaires.

Hong Kong real estate tycoon Li Ka-Shing kept his title of Asia's richest man with $32 billion, ranking him the seventh wealthiest person in the world, while 98-year-old Taiwanese glass magnate Lin Yu-Chia shared a podium with current patriarch of the US's Rockefeller dynasty, David Rockefeller Sr as the oldest billionaires worldwide.

Zong Qinghou, who heads soft-drink producer Wahaha, and Wang Jianlin of property developer Wanda were the only two from mainland China to make it into the top 100.

The report also noted that the Dragon and Horse were the dominant Chinese star signs on the list, which it pointed out also belonged to the globe's two richest men, Carlos Slim and the US financier Warren Buffett respectively.

http://www.telegraph...th-America.html


Edited by key2thecup, 28 February 2013 - 02:26 PM.

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#2 inane

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Posted 28 February 2013 - 02:28 PM

One would imagine that considering pretty much half the population of the world is in Asia...
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#3 Aladeen

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Posted 28 February 2013 - 02:29 PM

One would imagine that considering pretty much half the population of the world is in Asia...

And the fact that China is printing Yuan like its toliet paper...
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#4 Tortorella's Rant

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Posted 28 February 2013 - 02:31 PM

The continent of Asia has the most people.

When you tend to have more of something you tend to have more. I never thought about this but if I had to guess I probably would have went with Asia anyway.
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#5 Lychees

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Posted 28 February 2013 - 02:38 PM

Actually kind of surprising considering how much of Asia is still pretty much living in third world standards versus the first world standards of the high-end tourist places (IE. Hong Kong, Beijing, Taipei etc.) the surprising part is 2 people from mainland China where its still mostly farming/agricultural based were able to become millionaires.

Edited by HiChui, 28 February 2013 - 02:39 PM.

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#6 woot

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Posted 28 February 2013 - 02:58 PM

And people complain about wealth disparity in North America...
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#7 Dellins

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Posted 28 February 2013 - 03:57 PM

And people complain about wealth disparity in North America...


The difference is we're allowed to complain hehe
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#8 key2thecup

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Posted 28 February 2013 - 05:21 PM

One would imagine that considering pretty much half the population of the world is in Asia...


This is a recent undertaking, wealth has for a long time been concentrated in the West vs Asia

Because of the collapse '08, the debt ridden West is on the decline.

And because everyone wanted cheap stuff made in China, bought at Wal Mart. Since the 90s, manufacturing has exported to China because of the demand of Western nations for cheap goods. While hurting local manufacturing here.

China's done great in keeping there currency worthless to create artificially low costs for export

Edited by key2thecup, 28 February 2013 - 11:33 PM.

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#9 MillerGenuineDraft

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Posted 28 February 2013 - 10:53 PM

Why are you surprised though? China in particular produces the most CO2 emissions on this planet. At the same rate they're getting more greedy billionaires, they're also messing up the planet just as equivalently.
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#10 Lancaster

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Posted 01 March 2013 - 02:27 AM

The difference is we're allowed to complain hehe


The "poor" here are pretty well off. Most have a home and personal belongings, etc.

In Asia (and less developed worlds), if you're poor, you're really screwed.
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#11 UFTcan

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Posted 01 March 2013 - 02:44 AM

The City of Moscow has more millionaires and billionaires then any other city in the world.



That being said I believe asia's success has come on the back of north america. There seems to be a planned wealth diversion which is currently pilaging our middle class to grow china's. My personal experience noticing asian buyers from china buying my house and houses around it sight unseen. As a country we should be protecting ourselves and our citizens from inflated housing loss of class, which will never happen.

So China are you hiring? Im in BC save you a ticket to work in your mines..
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